Peloton Interactive, Inc. (NASDAQ:PTON) Stock Has Average Price Target of $7.72

Peloton Interactive, Inc. (NASDAQ:PTON) has been given a consensus rating of “Hold” by the twelve brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $7.56.

PTON has been the subject of several research reports. Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a research report on Monday, August 3rd. Weiss Ratings raised shares of Peloton Interactive from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. UBS Group reduced their target price on shares of Peloton Interactive from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, September 8th. Morgan Stanley lowered shares of Peloton Interactive from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $5.00 to $4.50 in a research note on Tuesday, September 8th. Finally, The Goldman Sachs Group lowered their target price on Peloton Interactive from $7.50 to $6.50 and set a “buy” rating for the company in a report on Monday, October 26th.

Peloton Interactive Price Performance

PTON opened at $5.12 on Monday. Peloton Interactive has a fifty-two week low of $3.65 and a fifty-two week high of $7.92. The firm’s fifty day moving average price is $5.12 and its two-hundred day moving average price is $5.24. The company has a market capitalization of $2.25 billion, a P/E ratio of 42.67, a P/E/G ratio of 0.40 and a beta of 2.56.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%. The business had revenue of $607.70 million for the quarter, compared to analyst estimates of $596.60 million. During the same period in the prior year, the company earned $0.05 EPS. Peloton Interactive’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities research analysts expect that Peloton Interactive will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, Director Karen Boone sold 25,000 shares of Peloton Interactive stock in a transaction on Monday, August 17th. The shares were sold at an average price of $5.35, for a total value of $133,750.00. Following the sale, the director directly owned 236,063 shares in the company, valued at approximately $1,262,937.05. The trade was a 9.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dion C. Sanders sold 112,512 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $5.45, for a total transaction of $613,190.40. Following the sale, the insider directly owned 18,801 shares in the company, valued at $102,465.45. This trade represents a 85.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 217,712 shares of company stock worth $1,177,289. Company insiders own 1.23% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

Several hedge funds have recently modified their holdings of the stock. Traynor Capital Management Inc. increased its position in shares of Peloton Interactive by 15.2% in the third quarter. Traynor Capital Management Inc. now owns 33,749 shares of the company’s stock valued at $168,000 after acquiring an additional 4,446 shares during the last quarter. State of Wyoming boosted its position in Peloton Interactive by 56.0% during the third quarter. State of Wyoming now owns 133,455 shares of the company’s stock valued at $666,000 after purchasing an additional 47,928 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in Peloton Interactive by 92.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 24,364 shares of the company’s stock valued at $122,000 after purchasing an additional 11,725 shares during the last quarter. Sterling Capital Management LLC boosted its position in Peloton Interactive by 37.0% during the third quarter. Sterling Capital Management LLC now owns 10,218 shares of the company’s stock valued at $51,000 after purchasing an additional 2,759 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN grew its stake in Peloton Interactive by 1.4% in the third quarter. Kirr Marbach & Co. LLC IN now owns 491,557 shares of the company’s stock valued at $2,453,000 after purchasing an additional 6,992 shares in the last quarter. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Company Profile

Peloton Interactive, Inc is a connected-fitness company that combines exercise equipment, digital content and subscription services. Its product portfolio includes the Peloton Bike, Bike+, Tread treadmill, Row rowing machine and related accessories, apparel and fitness products. The company’s equipment is designed to connect users with live and on-demand instructor-led workouts through integrated screens and digital platforms.

Peloton offers subscription memberships that provide access to classes in cycling, running, strength training, yoga, meditation, rowing and other fitness disciplines.